Press release

IFIL - Clarification regarding rumours in the Press about the Juventus Football ClubMarch 22, 2006

Since there have been rumors in the Press containing contradictory or untrue
information about the intentions of the owners of Juventus with regard to the renewal of
the Board of Directors, as a shareholder, IFIL feels obliged to make an announcement to
clarify its position, by expressing its wish to continue the work it has successfully
undertaken so far and thus confirming its confidence in the current management.
During the next few months, the subject of renewing the mandate of the Board may be
discussed in detail, and will then be finalized and made public in view of the expiry of
the current Board of Juventus. The Board’s mandate will end with the Shareholders’
Meeting in October which will be called to approve the financial statements for the year
ending June 30, 2006.

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